A whale with a lot of money to spend has taken a noticeably bearish stance on AMC Entertainment.
Looking at options history for AMC Entertainment AMC we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 16% of the investors opened trades with bullish expectations and 83% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $561,086 and 6, calls, for a total amount of $377,797.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $12.0 for AMC Entertainment over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for AMC Entertainment options trades today is 7360.17 with a total volume of 30,034.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for AMC Entertainment's big money trades within a strike price range of $5.0 to $12.0 over the last 30 days.
AMC Entertainment Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMC | PUT | SWEEP | BEARISH | 02/17/23 | $8.00 | $190.8K | 1.4K | 807 |
| AMC | CALL | SWEEP | BEARISH | 12/09/22 | $7.00 | $156.4K | 1.8K | 4.4K |
| AMC | PUT | SWEEP | BEARISH | 06/16/23 | $6.00 | $109.0K | 31.4K | 5.5K |
| AMC | PUT | SWEEP | BEARISH | 06/16/23 | $6.00 | $86.4K | 31.4K | 6.3K |
| AMC | PUT | SWEEP | BEARISH | 06/16/23 | $6.00 | $70.1K | 31.4K | 5.8K |
Where Is AMC Entertainment Standing Right Now?
- With a volume of 12,101,158, the price of AMC is down -5.65% at $7.01.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 90 days.
What The Experts Say On AMC Entertainment:
- Citigroup has decided to maintain their Sell rating on AMC Entertainment, which currently sits at a price target of $1.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for AMC Entertainment, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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